13033 Quaker Ave
Lubbock, TX 79424
8.42% CAP rate in Southwest Lubbock · Office Property For Sale

This gorgeous "first class" office building, located at 13033 Quaker Avenue in Lubbock, Texas is 100% Leased to two tenants with NNN escalating leases and 8.42% CAP rate. It is located on .52 acres in the fast growing south Quaker corridor--one of the fastest growing commercial and residential areas of the city, just outside the planned outer loop at 130th Street. This first class building is divided in two executive offices, each having a reception area, electrical & computer rooms (with two private restrooms), a beautiful lobby with fireplace, large conference room, custom break room with a full kitchen, several storage areas, and an ante-room, with built-in wet bar off of one of the executive offices. Upgraded features include special ceiling treatments, upgraded floor finishes, custom moldings, computer cabling, work area with built-in cabinets, IT/file room, built-in cabinets in conference room, wood baseboards, etc. The property is occupied by two major Tenants: State Farm Insurance (occupying 2,175 sf); and Agnew Associates (major Electrical & Mechanical Engineering firm for the Texas Area, occupying 3,864 sf). Lubbock Texas is the home of the famous Red Raiders & Texas Tech University. It is at the heart of the South Plains of Texas. The university, the Medical Centers of Lubbock, and the new found oil reserves to the south have contributed greatly to the present phenomenal growth. The purchase of this property would make for an excellent opportunity for any investor.